ASA Gold and Precious Metals Limited Declares Distribution

March 15, 2016 02:12 PM Eastern Daylight Time

SAN MATEO, Calif.--(BUSINESS WIRE)--ASA Gold and Precious Metals Limited (NYSE: ASA) declared a distribution
of $0.02 per common share of the Company. The distribution is payable on
March 27, 2016 to shareholders of record as of the close of business on
March 13, 2016. Due to challenging market conditions in the precious
metals and mining sector and declining dividends received by the
portfolio, this distribution will be paid from undistributed net
investment income. Should current market conditions persist, future
distributions, if any, from this source may be unsustainable. The
Company has paid uninterrupted distributions since 1959.

Established in 1958, ASA Gold and Precious Metals Limited is a
closed-end precious metals and mining fund (NYSE: ASA) registered with
the United States Securities and Exchange Commission and domiciled in
Bermuda. The Company is one of the oldest investment management firms
focused on the precious metals and mining industry. Managed by an
experienced investment team, ASA invests primarily in the securities of
companies engaged in the exploration, mining or processing of gold,
silver, platinum, diamonds or other precious minerals. Investment
decisions are supported with thorough bottom-up analysis based on
fundamental research, due diligence mine visits and hundreds of meetings
with mining executives and specialists each year.

Investors are encouraged to visit the Company’s website for additional
information, including historical and current share prices and metals
prices, news releases, financial statements, tax and supplemental
information. The site may be found at www.asaltd.com
or you may contact ASA directly at (800) 432-3378.

Forward-Looking Statement

This press release includes forward-looking statements within the
meaning of U.S. federal securities laws that are intended to be covered
by the safe harbors created thereunder. The Company’s actual performance
or results may differ from its beliefs, expectations, estimates, goals
and projections, and consequently, investors should not rely on these
forward-looking statements as predictions of future events.

This press release does not constitute an offer to sell or solicitation
of an offer to buy any securities.